Tax On UNREALIZED GAINS? You’re Going To Want To Hear This.

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  • Опубликовано: 7 июн 2024
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Комментарии • 353

  • @Capris9x
    @Capris9x Месяц назад +248

    How the F is it legal to tax unrealized gains...!? Might as well tax the air we breathe ffs.

    • @mikhelBrown
      @mikhelBrown Месяц назад

      😁😂🤣

    • @mikhelBrown
      @mikhelBrown Месяц назад

      😁😂🤣

    • @mikhelBrown
      @mikhelBrown Месяц назад +1

      😁😂🤣

    • @joseph2664
      @joseph2664 Месяц назад +4

      Some european countries do something similar. At the end of the year you add up evrything you own and calculate you net worth. Then your tax is based on that. It is called a wealth tax.

    • @joseph2664
      @joseph2664 Месяц назад +10

      Come to think of it. The property tax on my house is like that. Every year the tax assisor estimates the value of my house and sends a tax bill.

  • @blackmancer
    @blackmancer Месяц назад +21

    We print money out of thin air, now we tax thin air.

  • @christophergraham7758
    @christophergraham7758 Месяц назад +50

    I understand why the wealthier are targeted for higher tax in principal. But unrealized gains taxation is unfair and stupid

    • @song2001september
      @song2001september Месяц назад +5

      and it will never happen

    • @backcountyrpilot
      @backcountyrpilot Месяц назад

      Why is it fair to tax the wealthy more when they are the top producers/savers?

    • @bogdan111000
      @bogdan111000 Месяц назад

      You need to thank Diaper Joe and his cronies evils Demonrats.

    • @stevetemple8826
      @stevetemple8826 Месяц назад +2

      Don't give them any ideas.

    • @Hellstothenaw
      @Hellstothenaw Месяц назад +4

      If everyone gets access to the same services, then everyone should pay equal tax. Regardless of how wealthy one is.

  • @Irnwkr28
    @Irnwkr28 Месяц назад +29

    44% WOW. Makes it not even worth it. I can see major corporations leaving the US because of that.

    • @user-lh3eu7fe7x
      @user-lh3eu7fe7x Месяц назад +4

      Exactly, more jobs will leave the US. FJB

    • @djamilawilschke7259
      @djamilawilschke7259 Месяц назад

      just catching up with european markets…so basically countries with infrastructure, free education, health insurance and social security … obviously if you make a lot of money you don’t care about such things, so leaving for a place where your money can buy all that might be the best option …

    • @joeharvie8362
      @joeharvie8362 Месяц назад

      Canada is pushing for 66% capital gains tax!

    • @tomw485
      @tomw485 25 дней назад

      @@djamilawilschke7259Catching up with European markets? What are you talking about. The US significant outperforms the Euro markets.

  • @franhan3019
    @franhan3019 Месяц назад +34

    You’ve got to stand up for yourselves and say ENOUGH IS ENOUGH! They are corrupt .. how can you pay any attention to them.. remember they are meant to be working for you!!

    • @LidaBaarova-lw2un
      @LidaBaarova-lw2un Месяц назад

      This is exactly right!

    • @Ron-zr6se
      @Ron-zr6se Месяц назад +4

      That ship sailed long before you were born.

    • @franhan3019
      @franhan3019 Месяц назад +4

      @@LidaBaarova-lw2un I’m in the uk and we have the same corruption, fraud and everything bad at the highest levels .. from teaching, to banking, the regulators and utilities there is corruption everywhere .. they have to be held to account.

  • @xxxbirdsong3947
    @xxxbirdsong3947 Месяц назад +12

    Is there really something to be proud of of being an American? If the people accept this and let it happen, then it has no right to exist.

  • @M3LTUP
    @M3LTUP Месяц назад +25

    Taxing unrealized gains. Means people will dump stocks and most investment properties , etc. And the Wealthy people will leave the U.S. This is probably Bullish for Crypto in self custody also physical PM.

    • @mrpenguin920
      @mrpenguin920 Месяц назад +1

      Exactly!

    • @chadgibbs137
      @chadgibbs137 Месяц назад

      You’re right. I have a good diversification of stocks, PM, and crypto, but I’m definitely going heavier with PM and crypto with new investment allocations.

  • @ikigai47
    @ikigai47 Месяц назад +14

    "I don't care I'm well below a million!" (has a mind blowing bullrun that nets well over a million) "HEY! THIS IS BULLSHIT!"

    • @stephenhan9680
      @stephenhan9680 Месяц назад +1

      Yea that be funny. 44% poof..., unrealized gains 25% poof 😄

  • @GigaMoonBoy
    @GigaMoonBoy Месяц назад +16

    The dollar is already plummeting. You put this tax into action and everyone is going to move out of country.

    • @user-tg2nn4qj4e
      @user-tg2nn4qj4e Месяц назад

      Nope you’re all way way too lazy.

    • @franhan3019
      @franhan3019 Месяц назад +1

      Trouble is … everywhere else is the same: you will own nothing and be happy is the Agenda unless YOU and I stop them!

    • @williamtell7682
      @williamtell7682 Месяц назад

      ​@@franhan3019 you go girl

  • @youtoobe169
    @youtoobe169 Месяц назад +77

    As soon as you started your sentence with "President Biden" I knew it would be stupid. And I live in the US

    • @santiagoferrari1973
      @santiagoferrari1973 Месяц назад +14

      there is no way that old fella is the most voted president ever

    • @Itwasme007
      @Itwasme007 Месяц назад

      You people voted for Joe Biden? Now swallowed your horrendous picked.

    • @ikigai47
      @ikigai47 Месяц назад +6

      @@santiagoferrari1973 - that's the worst part. He wasn't even voted in by the people yet here he is, and here we suffer.

    • @jjmickeyy
      @jjmickeyy Месяц назад +3

      Right! He was voted in by dogs and cats!👍🙄
      And I’m an f…ing priest!😀

    • @song2001september
      @song2001september Месяц назад

      BidenHisTime...

  • @Nobody-dc8dp
    @Nobody-dc8dp Месяц назад +5

    The people who say "Tax the rich" want to stay poor. Once you get money or some wealth, you want to be taxed to lose most of it? Dumb.

  • @clutch2827
    @clutch2827 Месяц назад +14

    Oh no! So these bastards are trying to take money from you that you haven't even made. SMH.

  • @MFFL674
    @MFFL674 Месяц назад +4

    100% on the money about leaving the us. i've been seeing this trend for years of wealthy people emigrating. what's worse is that states like california can still tax expats at exorbitant rates so these will cut their losses as quick as possible and never return. i am not wealthy myself but an exodus of money from our economy, which is already a sinking ship, is a disaster for us all. well, except for the freeloaders. taxes on unrealized gains is absurd.

  • @bradbrown2168
    @bradbrown2168 Месяц назад +5

    So if my 100 k becomes a million by tax year ending, we would be taxed as it just sits in our account? My home has a higher value now, so can they tax me on that too.
    I’ll be leaving the US?
    This is not America!

    • @kb3809
      @kb3809 Месяц назад

      Every where you go, you still will be beholden to the tax code unless you relinquish your citizenship

    • @bradbrown2168
      @bradbrown2168 Месяц назад

      @@kb3809 and the cut off your Social security.

  • @Based_Brett_Crypto
    @Based_Brett_Crypto Месяц назад +15

    Love this! 🔥

  • @DanielMurrey
    @DanielMurrey Месяц назад +8

    I would suspect a 30-40% drop in the stock market the day after an unrealized capital gains tax.

    • @chingron
      @chingron Месяц назад +3

      More like a 90% drop.

    • @chadgibbs137
      @chadgibbs137 Месяц назад

      @@chingron exactly. If a squirrel farts into the wind, the stock market can take a 30% dip. This news would devastate all markets.

    • @chingron
      @chingron Месяц назад

      @@chadgibbs137 It would do more than devastate the markets. It would likely be the end of markets. What would be the incentive to invest? People would sell everything and just buy physical gold or bitcoin.

    • @tomw485
      @tomw485 25 дней назад

      As an investor I would sell every single stock, mutual fund and ETF I own if I thought we were close to passing that. This would mark the destruction of the US economy. I’m also not a fear monger or conspiracy theorist in the least. But taxing unrealized gains is one of the most blindingly stupid, idiotic, and flat out dangerous proposals I’ve ever heard politicians bring forward.

    • @tomw485
      @tomw485 25 дней назад

      @@chadgibbs137It would completely annihilate the markets and the retirement portfolios of every single American who worked their entire lives to be able to afford a decent life into old age.

  • @zdrux
    @zdrux Месяц назад +7

    "..this isn't for everyone"
    Give it time.

    • @Andrea-HeIsKing
      @Andrea-HeIsKing Месяц назад

      My thoughts exactly. Does the phase " youll own nothing" ring a bell???

  • @SteveOak.El-Bitcoinero
    @SteveOak.El-Bitcoinero Месяц назад +4

    As an ex-pat living in Ecuador I am still under US Tax System. The only way I have found to avoid it is to give up my US Citiizenship...Hard to swallow.

    • @xxxbirdsong3947
      @xxxbirdsong3947 Месяц назад

      How can this be? you live and work abroad earning another currency just Don't declare anything or do your taxes in your country of stay

    • @joseph2664
      @joseph2664 Месяц назад +2

      @@xxxbirdsong3947 As a US citizen it does not matter where you live and work. You still have to pay US tax. They do this so wealthy people won't get a vacation home and then declare it their primary home to avoid tax. I think the first $50,000 earned outside the US is not taxed, but that is the only break.
      Also, we have to report any foreign bank accounts even if they do not pay interest. If you get caught lying about it they will take 1/3 of the money.

    • @xxxbirdsong3947
      @xxxbirdsong3947 Месяц назад

      @@joseph2664 unreal, truly a weird system how can a handful of people getting such ridiculous laws done no wonder golden visa programs are exploding 100% in price people seek safe heavens, and don't want their tax money to be wasted on immigrants and wars.

  • @jenXgen8589
    @jenXgen8589 Месяц назад +3

    I'm so down with expatereating from the US.

  • @roy95th
    @roy95th Месяц назад +24

    0% chance of passing it's a nothing burger.

    • @totalbullion5882
      @totalbullion5882 Месяц назад +7

      I would agree, but this administration seems to do whatever they want. I mean they did just approve 98 billion to ukraine overnight and I didn't get a vote on it.

    • @roy95th
      @roy95th Месяц назад +1

      @@totalbullion5882 that was the houses bill.

    • @Mediumdoo
      @Mediumdoo Месяц назад

      @@totalbullion5882this is election year nonsense, nothing will pass

    • @sickman5000
      @sickman5000 Месяц назад +1

      Bingo. The commoners don't care about 'gains'. They don't even know that that is. It will only hurt the wealthy.

    • @chadgibbs137
      @chadgibbs137 Месяц назад +1

      I actually think it has a reasonable chance to pass, simply bc we have seen things lately that we would have never before believed would be possible. Also, even if it doesn’t pass, the more they talk about it, the more it becomes a “normalized” idea. We have to fight against insane talk like this from the beginning.

  • @erinsteward6594
    @erinsteward6594 Месяц назад +11

    Canada just increased this fro 50% to 66% for those annual capital gains over $250;000. The global coordination continues.

    • @ryanashford7283
      @ryanashford7283 Месяц назад

      WTH... 😲😲

    • @Capris9x
      @Capris9x Месяц назад +5

      This is civil war levels of insane taxation...

    • @meisterlymanu5214
      @meisterlymanu5214 Месяц назад

      is that for just crypto or all investments..

    • @dustovshio
      @dustovshio Месяц назад

      socialism is good tho never forget that well worth paying 66% for what you get...

  • @chadgibbs137
    @chadgibbs137 Месяц назад +1

    The notion that these taxes “won’t affect me” is absurd. If the high net worth folks get hit with these taxes, they sell and buy something else WHICH MAKES THE MARKET DO DOWN FOR ALL OF US!! It absolutely “affects you”!

  • @user-yf1mv5ji3e
    @user-yf1mv5ji3e Месяц назад +18

    It doesn't affect you until they redefine "high net worth" to include you.

    • @Cheyemos
      @Cheyemos Месяц назад +1

      🎯

    • @What11235
      @What11235 Месяц назад

      Yep, why do you think Liberals like vague laws that are not well defined? Because they can twist them to suit their needs or agendas. All the while, they break the law and don't get prosecuted! Look at Billary with her unsecured server, bleach bit, and PDA/Notebook hammer smashing party. Recently, a politician was asked, "Do you support an assault rifle ban?" Politician: Yes! Reporter: "What is an assault rifle?" Politician: " I don't know, I am not a gun person." You can't make this stuff up! Also: Look at how they are twisting laws to Prosecute DT!

    • @What11235
      @What11235 Месяц назад

      And that is almost always the next step! I.E. Years ago Liberals were saying Illegals should all be able to get a valid Drivers license. Then they said, "What is the problem with them driving. We mean no harm." A few years later, "We think all people that get a drivers license should be automatically registered to vote." I.E. Therefore, Illegals now have the right to vote if you don't defeat the first or second initiative. They almost always have a pre thought out agenda! Republicans better get some teeth or our country is sunk! Why do you think Liberals despise DT so much. When they jab at him, he jabs them back. Some don't like his attitude, but it is necessary to swim in that sea of sharks. If Dem NGO's, MSM, Justice Department, etc. wouldn't all be working together to try and shanghai Trump, Dems wouldn't have a chance.

  • @user-nr7jm1so5j
    @user-nr7jm1so5j Месяц назад +3

    Pay taxes on the sizzling steak that you may eat next winter. Pay up now.

  • @HOGE_FINANCE
    @HOGE_FINANCE Месяц назад +1

    Is it for all types of investments like stocks real estate bonds?

  • @sirultra2024
    @sirultra2024 Месяц назад +2

    I concur; With increased intrusion into personal finances can and will lead to the development of more sophisticated tools for evasion.

  • @NutinDuin
    @NutinDuin Месяц назад +3

    Does that mean the IRS will allow deductions for unrealised losses?

  • @johnpotts1960
    @johnpotts1960 Месяц назад +3

    It would be nice if ledger would put a lot more tokens and cions on their nano x instead of having all of these individual wallets

  • @clarsen07
    @clarsen07 Месяц назад

    Wow this was great thank. You

  • @jean-pierrep6844
    @jean-pierrep6844 Месяц назад

    You're right

  • @IlllIlllIlllIlll
    @IlllIlllIlllIlll Месяц назад +1

    This actually does affect the middle class because everyone will just pass on this cost to the consumers

  • @joeharvie8362
    @joeharvie8362 Месяц назад

    Which countries are the best for low or no taxes?

  • @roamingnomad3054
    @roamingnomad3054 Месяц назад +10

    Dam Toby looks different without makeup 💄

  • @DepecheModeDM
    @DepecheModeDM Месяц назад +1

    With the Hong Kong ETF for BTC & ETH. Both will pump so high :) Ethereum under 10,000$ is so cheap.

  • @bamafan4102
    @bamafan4102 Месяц назад +2

    This is FUD. If they are going to tax unrealized gains then they have to allow tax breaks for unrealized losses too. Goes both ways. Politicians are investors too. They are not going to go for this either.

    • @mtsdivine
      @mtsdivine Месяц назад +1

      They'll exempt themselves

  • @davycrockett8886
    @davycrockett8886 Месяц назад +6

    Hong .Kong should buy ETH through ETF to front run the States.

    • @davycrockett8886
      @davycrockett8886 Месяц назад

      @@junipersnow1 Yeah. But you can't front run BTC. ETFs have come and gone.

    • @ravjesus4848
      @ravjesus4848 Месяц назад

      ETH Is owned by JPmorgan , they can probably reverse transactions

    • @davycrockett8886
      @davycrockett8886 Месяц назад

      @@ravjesus4848 Why do you spread such blatant lies? Everyone knows JPMorgan doesn't own Ethereum.

    • @davycrockett8886
      @davycrockett8886 Месяц назад

      @@ravjesus4848 Why are you spreading blatant lies? Of course JPMorgan doesn't own Ethereum.

    • @ravjesus4848
      @ravjesus4848 Месяц назад

      @@davycrockett8886 ETH has custodial staking , wich means that when you stake ETH you give away your voting Power away to the entity running the node , Centralized exchanges have most of the ETH and they are partially owned by big Money , there Is a lot more to It then this but Just do your own research

  • @BrettChila1928
    @BrettChila1928 Месяц назад

    and what happens if you lose the unrealized gains the following year, do you get a tax credit?

  • @mholmes9262
    @mholmes9262 Месяц назад +1

    Taxes that target high net worth people will eventually come down to low net worth people trying to increase their net worth.

  • @MrJoeCaffeine
    @MrJoeCaffeine Месяц назад +1

    LOVE YOU TWO!!! KEEP PREACHING THE GOOD NEWS!!

  • @WWM860
    @WWM860 Месяц назад +2

    This election can’t get here fast enough

  • @d.latello3580
    @d.latello3580 Месяц назад

    So when the value goes down we get money back???

  • @drtkn10
    @drtkn10 Месяц назад

    This proposed tax would act as a "cash advance" on any capital gains taxes owed when the investments are eventually sold. However, there are significant legal and constitutional challenges to such a tax, as it could be considered a direct tax on personal property, which would likely be struck down by the Supreme Court.

  • @trappedcat3615
    @trappedcat3615 Месяц назад +2

    It wont pass unless there is some exception for members of congress.

  • @donb878
    @donb878 Месяц назад +1

    You hit the nail on the
    head Toby! Keep it up.👍

  • @udonewsreport
    @udonewsreport Месяц назад

    Do I get to realize the gain on assets before I sell..? Can I set the value of the asset before I sell it..?? Oh, the possibilities..!🙃

  • @svensulzmann4282
    @svensulzmann4282 Месяц назад

    Money flows to where the highest gains are possible and that is US economy.

  • @rogerhughes2242
    @rogerhughes2242 11 дней назад

    Hi guys, how about doing something on tax evasion for a change.

  • @michelbisson6645
    @michelbisson6645 Месяц назад

    in canada trudeau already charge a tax on on unrealised profit on cryptos canadian citizens hold on each fiscal year..

  • @toasty-toast
    @toasty-toast Месяц назад

    This Tax on capital gains went up in Canada

  • @kidMclean
    @kidMclean Месяц назад +1

    What confuses me is this been an election year why on earth would he be trying to pull this off . He really is on another planet

  • @FortuneCookieLies
    @FortuneCookieLies Месяц назад +1

    The US is trying to balance the budget more or less and find a way to get their credit rating back to the top tier. The proposed tax is a little high and will reduce the liquidity in an already illiquid financial market. The loophole is to use property over 1 million as collateral and enjoy a 6% tax rate from the bank. The interest is tax deductible. So then when you go to sell it lowers your taxable gains by a substantial margin and you got to extract value from it. It is only going to target those that don't speak the language of finance and assets. No idea if this is true but I assume so. Capital gains taxes is an attack on real estate and part of why if there is a republican congress and president, buying a house at the get go is going to be good. Sell when it is democratic as their policies follow large cap growth stocks.
    The problem with the democrats with their policies is that they focus on turning the majority into the working class. Then, you have to speak their language and have your assets in the order that they say in order to have low taxes. Not hey this is simple lets do this. It is completely biased and will have exceptions for those who bake bread (California's minimum wage law and the Panera Bread loophole for a donor). The beauty of A.I. is going to be that they cannot hide loopholes in government anymore. A.I. will be able to call out and translate that information and bills really easily. Then, you will see the regulation there as powerful people will be called out in a bit because they should be. Then, they will spin it like they did with crowd rage to where we are attacking ourselves instead of the corporations that donate. Watch if someone starts using A.I. language models to call out shady stuff in 1000 page bills, they will regulate A.I. in a milisecond and it will be the fastest bill passed. The only way to solve the problems in America is to be a villain so that someone else like a politician can be the good guy so that the complicated tax system looks fair when in reality it is far from it. Jail time for not doing something that requires you to pay a corporation in order to file. A filing system so complicated and so manipulated that hackers can easily file claims and get the tax returns. It is a broken system that needs reform. 44% tax is too high and is simply a tax on not being connected to their political party.

  • @christopherdorsey7192
    @christopherdorsey7192 Месяц назад

    Toby, Grayscale has 302,663.9 BTC as of April 24, 2024. What is your best guess on when they will stop liquidating large amounts? When and how will the market finally adjust when they are finished? Just curious as to your thoughts on this subject. Thanks for all you do.

  • @zzzsydneyhom1379
    @zzzsydneyhom1379 Месяц назад

    Paying tax on unrealised gains is possibly ok as long as you conversely receive tax credits for unrealised losses, and any tax paid is credited towards the capital gains tax liability when the asset is liquidated. The problem lies with timing...
    If one is strapped for cash at tax time, one might be forced to liquidate some assets in order to pay the 25% tax due on the unrealised profits. This will greatly reduce the compounding of gains, which for me is where the proposal seems counter-productive, since the government will ultimately receive less capital gains tax, which is taxed at a higher rate.
    Unless I'm missing something here...?

  • @AKTHUMBGRIPS
    @AKTHUMBGRIPS Месяц назад +2

    Are they going to credit us for unrealized losses too lol ???

  • @demomandan8087
    @demomandan8087 Месяц назад

    Canada is doing the tax raise also 66% over $250.000 crazy

  • @Eric-zk2hu
    @Eric-zk2hu Месяц назад

    Why would you buy a house if it is cheaper to rent than pay mortgage, property and home owners insurance, maintenance and now also tax on unrealized gains??

  • @stanleydmello5758
    @stanleydmello5758 29 дней назад

    From India
    You and the lady with you are wise and great people
    You are in my prayers

  • @morbidmanatee5550
    @morbidmanatee5550 Месяц назад

    Then how about unrealized losses?

  • @draea3483
    @draea3483 Месяц назад +1

    Credits for unrealized losses?

    • @song2001september
      @song2001september Месяц назад

      If they did create a stupid law for this that's exactly what I was thinking. But you know how they would play it, it would be such a tiny amount compared to the amount of tax you paid them. They would win either way. I don't think this will get passed though.

  • @predatorsniper
    @predatorsniper Месяц назад

    So how would they get an appraisal on houses, art, etc so they can tax unrealized gains? The fact of the matter is they won’t.

  • @A.R.McDuck
    @A.R.McDuck Месяц назад

    I bet theyre going to start taxing ledgers, deducing the value, like arnold swarzenegger a few weeks ago with the undeclared watch, where they detained him until he was able to withdraw $10,000 cash.

  • @shallowfakes593
    @shallowfakes593 Месяц назад

    "a bunch of children running different counties stealing from each other". I love it put like that!

  • @GO-su3lf
    @GO-su3lf Месяц назад

    both of them only looks good when the market is up.

  • @whenifeellikeit
    @whenifeellikeit Месяц назад

    I have always planned to live in Belize...now, I'm halfway packed

  • @_Cryptotruth_
    @_Cryptotruth_ Месяц назад +1

    You’re not wrong on monetary policy, and particularly tax rates driving people out of the United States Toby. But some of us must stay & fight the good fight for future generations. Just sayin..

    • @meisterlymanu5214
      @meisterlymanu5214 Месяц назад

      stay and fight...nah, all the jews, chinese, koreans, and Indians will leave. You dont take their money.

  • @williamberry4909
    @williamberry4909 Месяц назад

    True dough in Canada raised the capital gains tax to 67 percent, I wanna cry!

    • @leejames1792
      @leejames1792 Месяц назад

      Wtf, are you serious, that is insane.

  • @europana7
    @europana7 Месяц назад

    Inflows to non-GBTC has collapsed in the last 2 wks

  • @TripleB101
    @TripleB101 Месяц назад

    So you hit back with unrealized losses

  • @digitalevidenceexpert7964
    @digitalevidenceexpert7964 Месяц назад

    Grayscale's fees are a lot higher than other EFTs.

  • @user-xi2fg5um1i
    @user-xi2fg5um1i Месяц назад

    Since I didn’t realize that I made gains, I think I can beat these taxes!! I had no idea!!!

  • @JohnonUtube68
    @JohnonUtube68 Месяц назад

    Thanks Toby

  • @theadirondackstacker
    @theadirondackstacker 26 дней назад

    All marketd would tank. Quickly.

  • @johnnymidas5879
    @johnnymidas5879 Месяц назад +1

    👍👍👍🔥

  • @edchamberlain8073
    @edchamberlain8073 Месяц назад

    👍

  • @evangraham532
    @evangraham532 Месяц назад

    Guess I'll start claiming unrealized losses to offset my unrealized gains.

  • @DJ-uk5mm
    @DJ-uk5mm Месяц назад

    25% tax on them realise gains so what about unrealised losses will they pay you 25%?

  • @adrianlevi2244
    @adrianlevi2244 Месяц назад

    Next up - tax on unrealised gains of any planned future investments too !

  • @EElementzOfficial
    @EElementzOfficial Месяц назад +1

    Are you all okay? It looks like yall aged 10 years in 2 weeks

  • @duff16oz
    @duff16oz Месяц назад +3

    People will leave for sure! Thanks!

  • @KingJesusPaidForSins
    @KingJesusPaidForSins Месяц назад +4

    Market is volatile, how can one tax unrealized gains? If the market drops, do you get your tax payment back?

    • @jdgvee9313
      @jdgvee9313 Месяц назад +1

      Nope. One way only!

  • @alf72632
    @alf72632 Месяц назад +1

    when you say people will leave, are they going to renounce their citizenship?

  • @MaskedMageYT
    @MaskedMageYT Месяц назад

    Let them leave

  • @IntenseGrid
    @IntenseGrid Месяц назад

    Thank for not scrolling the chart today.

  • @quarteratom
    @quarteratom Месяц назад

    Video starts at 2:42.

  • @W0ULDY0ULIKE
    @W0ULDY0ULIKE Месяц назад +1

    BAKED BEANS POOL SOL/BNB 🔥

  • @consciouscrypto3090
    @consciouscrypto3090 Месяц назад +1

    You want to destroy the economy? Force people to sell assets to pay the taxes on the asset that are due even if they don't sell it. Everything will crash and will not recover. The selling pressure will be relentless.

  • @jlj777
    @jlj777 Месяц назад

    You can't get taxed for your losses only profits. Taxes are voluntary anyway on any and everything.

  • @jenniferjuniper12
    @jenniferjuniper12 Месяц назад

    How can they tax unrealized gains? That’s absurd!

  • @papuchobello
    @papuchobello Месяц назад

    I bet they eill not tax Black Rock with taxes.

  • @EBX913
    @EBX913 Месяц назад

    The tax on unrealized gains will never happen (unless and until the day the debt burden makes new debt spending prohibitively expensive). It could then, but it is otherwise and currently a constitutional illegal taking and total bs.

  • @Rittlesleo
    @Rittlesleo Месяц назад

    Anyone who can leave should leave while you still can.

    • @leejames1792
      @leejames1792 Месяц назад

      No matter where you go you will be liable for US tax, unless you get citizenship of another country and bin the US passport.

    • @Rittlesleo
      @Rittlesleo Месяц назад

      @@leejames1792 That’s true. However, the quality of life and the cost of living in many countries is better.

  • @allanbartlett123
    @allanbartlett123 Месяц назад

    Americans with $5million of crypto or more can add a private placement life insurance wrapper on their crypto wealth and completely and legally shield all future taxes.

  • @TimotejFedlimid-zo3hy
    @TimotejFedlimid-zo3hy Месяц назад +2

    Why is Grayscale selling Bitcoin if everyone expects it to go up?

  • @davidkyle2073
    @davidkyle2073 Месяц назад +1

    Unrealized capital gains tax applies to those with $100 million. Capital gains tax is increasing a few % points.

    • @ccaputa
      @ccaputa Месяц назад

      Don't be naive. It will effect everyone.

  • @ajjj772
    @ajjj772 Месяц назад

    Appreciate your very valuable information sir.
    really what country best get citizenship for paying low taxes. anyone have ideas? please share with us for applying dul citizenship.

    • @clutch2827
      @clutch2827 Месяц назад

      Every country is corrupt.

  • @williamtell7682
    @williamtell7682 Месяц назад

    Won't pass .

  • @motomike300
    @motomike300 Месяц назад

    Those who fail to study and understand history are bound to repeat it. We will become the united state of Kailifornia! with this mentality.

  • @brissiAU
    @brissiAU Месяц назад

    So you are going to trust etf in Hong Kong (China) give me a break.

  • @72dodge340
    @72dodge340 Месяц назад

    This will not stand constitutional review.

  • @willweiss3205
    @willweiss3205 Месяц назад +6

    The land of the brave and the free is pretty much fu===d.

    • @clutch2827
      @clutch2827 Месяц назад +1

      Thank you President Biden!

    • @bove2k918
      @bove2k918 Месяц назад

      As much as i think he's a joke, this really has nothing to do with him. He's just a puppet. ​@@clutch2827